Rock Island daily Argus. (Rock Island, Ill.) 1886-1893, 1887-03-10
A DEAL OF SPECULATION
OVER THE ALLEGED SALE OF THE
LTlMORe & OHIO.

BALTIMORE & OHIO.
Statements of the Now You See 1t aud
Now You Don't'' Order-How the Stock
L. Heid-Clearing the Decks for the
Interstate Law-Western Union FL
nances-RaiIroad Notes.
BALTIMORE, Md, March 10-The alleged
deal" between Mr.. Alfred Sully, of New
York, representing powerful syndicate con-
Il olling the Richmond & DanvilIe, the Jersey
Central, and the Reading railroads, and Mr..
Robert Garrett, for a controlling interest in
the Baltimore Il Ohio railroad, was the SEN
sation of the lay Wednesday. 1t was talked
Of every " here in financial and commercial
circles, and the universal belief is that,
where there is so much smoke, there must
be fire" Mr.. Garrett was besieged with call
ers all day at the Central building for infor-
nation as to the truth or falsity Of the state
ment that he had transferred controlling
interest to the New York syndicate, and he
gave the same answer to every body: II have
nothing to say"
There are in existence 900 shares of
Baltimore & Ohio stock, held as follows:
The CARROTS, 1900 shares: city of Balti-
more, 3, 900 shares; state of Maryland, 10, :
OJ0 shares; the Burns family, 1900 shares;
the Gregg family, 5000 shares: John Hop
klns testlmated), l7OU0 shares: other hold
ings, 81, 0oU shares By the provisions of the
late John W. CARROTS will, 50, 90 of the
5000 shares held by his children are in trus
for twenty years, and can not be sold; but
OF course they can be voted any way their
holders see fit. 1t has been enormously stated
that it would require IS, 00l shares to con-
stItute a majority this is not the casa The
4, 900 shares held by the city of Baltimore
and the state can not be voted upon any
question save that of the policy of the road,
having no voice in the election OF presi-
dent, etc, so that the possession of "a, COL
shares is actually a controlling interest If
it be Mr.. CARROTS wish to transfer con-
trolling interest in the Baltimore & Ohio to
NJ. Sully, OF anybody else, it lies in his
power to do SO, for the holdings of the John
Hopkins estate, the Gregys and the Burns
have always been obeiient to the beck of
Ar. CARROTS finger. Whether or
not the deal has been made
can not be definitely stated, but a
close friend of Mr.. Garrett impaired the III
formation to a United Press reporter
Wednesday in Mr. CARROTS private office,
there were certain negotiations pending be-
tween the B. s O, and Sully and others,
but the end sought to be obtained was not a
disposal or barter of B. & o. stock. Ga Sat
urday last the B. & q. stock on the stock ex-
change sold for l64$4 bid; at the last call
Wednesday l77i9 was offered for it with
none to be had 1t would seem that the
large holders OF B. & o. stock have on this
particular occasion been schooled BY the
same master-the trustees of the Johns Hop
kins estate.
The GregSs, the Burns, the CARROTS have
all been approached by United Press report
ers and asked the question: Have YOU sold
your B. & o. stock or any portion of itF'
Il decline to say anything upon the sub
jet" was the usua! reply. A gentleman
Of high commercial standing SAID that $500
shares Of the Johns Hopkins block were sold,
and this statement was supplemented by the
| assertion of Mr. J. Hall Peasants, one of the
| trustees of the Johns Hopkins estate, to the
writer, that while neither denying or con-
tirmlns the reported sale, be thought that
| forty-elght hours will settle the whole thing.
\ statement coming from a Baltimore &
Ohio official source was made late Wednes-
day night 1t says that overtures have been
made to Mr. Robert Garrett by the New
York syndicate, headed By Mr. Sully. for q
controlling interest iii the Baltimore & Ohio
The price offered was largely in advance OF
what the stock is now marketed at Mr..
Garrett has not accepted the offer, but it i:
highly problble that an arrangement will be
made, Nherehy majority of the Baltimore
& OHIO stock will be turned over to the afore
said syndicate. of which Mr. Garrett will b
memb IT, and that a consolidation of the
Philadelphia & Reading, Jersey Central.
Baltimore & Ohio, Richmond & Danvile
Richmond Terminal, ari Georgia Pacific
will follow, aggregating a grand system OF
u, U0J miles of railroad
The monthly meeting Of the directors OF
the Baltimore & Ohio Railroad company was
held wednesday The report made of the
gross receipts of the main stem and al
branches, for February, ISL was s., st., G3e
This Is u per cent. increase over the earning:
Of any February since the organization Of
the cpmnany